AMREP Corporation (AXR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AMREP Corporation stock $31.02, price $21.45, upside +44.6%, quality 67 out of 100. Rating: undervalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $10.41 – $38.50 · fair‑value band $27.40 – $39.59 · the $21.45 price screens below the $31.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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AMREP Corporation, through its subsidiaries, engages in the real estate business in the United States. It operates through two segments, Land Development and Homebuilding.
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The company offers land development services, including land and site planning, obtaining of governmental and environmental approvals, installing of utilities and storm drains, ensuring availability of water services, building or improving of roads for land development services, and constructing community amenities; and landscaping services to homebuilders, as well as acquiring lands, and selling of developed and undeveloped lots to homebuilders, and commercial and industrial property developers through brokers.
It also builds and sells single-family detached homes and attached homes; offers various home floor plans and elevations; and provides built-to-order homes.
In addition, the company owns certain minerals and mineral rights in and under approximately 55,000 surface acres of land in Sandoval County, New Mexico. AMREP Corporation was incorporated in 1955 and is based in Havertown, Pennsylvania.
Stock analysis
AMREP Corporation (AXR) currently trades at $21.45, while our model-based Fair Value estimate is $31.02, implying the stock looks roughly 31% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $34.15 per share, and 18 of the 22 models we run sit above the $21.45 price.
Bear case: the Asset-Based group reads lowest at $8.65, and 4 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $27.40 (bear) to $39.59 (bull), the price of $21.45 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
AMREP Corporation reported revenue of $52.8M in FY2026 versus $62.5M in FY2022, a compound −4.1%/yr. Reported net income was $10.3M in FY2026, compounding −10.3%/yr from FY2022.
Key figures
Market cap $116M Micro · P/E ratio 20.2 · P/S ratio 2.82 · EPS (TTM) $1.06 · Net margin 14.3% · Return on equity 4.3% · Return on assets (EBIT) 10.2% (5-year average) · Operating margin −2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 45%, AXR screens cheaper than that median.
Fair Value models
Bear$27.40Fair Value $31.02Bull$39.59
Price $21.45 · Upside +44.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then ($0.5605 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $93,960 and none bought.
SaleAdrienne UleauCFO and VP4,000 shares at $23.49$93,960Jul 30, 2026
BuyJames H Dahl10% owner5× since Feb 12, 2026: 18,952 shares, avg. $25.23$478,145Jun 22, 2026
BuyRainey E. Lancaster10% owner11× since Feb 10, 2026: 51,382 shares, avg. $25.42$1.3MJun 2, 2026
BuyTimothy S McNaneyDirector1,765 shares at $28.17$49,720Apr 21, 2026
Plus 2 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+6.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.9% vs 2.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 23%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −11.7% a year for the price.
News mood ⓘNews mood, the average tone of recent news (60 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 489 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+44.6% · Above median
Profitability
Return on equity (12 months)4.3% · Above median
Return on assets7.0% · Top 25%
Net margin (12 months)14.3% · Above median
Operating margin (12 months)−2.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−66.1% · Bottom 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)20.2× · Pricier than median
P/B0.82× · Pricier than median
P/S (12 months)2.82× · Pricier than median
Price / free cash flow (fiscal year)9.1× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AMREP Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AXR
Frequently asked questions
Is AMREP Corporation (AXR) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $31.02 versus a price of $21.45, about +45% upside (undervalued).
What is the fair value of AXR?
Our model-based fair value for AMREP Corporation is $31.02 (as of Nov 8, 2026), built from audited fundamentals. The current price: $21.45.
What is the quality score of AXR?
AMREP Corporation has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AMREP Corporation (AXR)?
Our model-based price target is the fair value of $31.02 (as of Nov 8, 2026) from 22 valuation models. Cautious scenario $27.40, optimistic scenario $39.59. It is a calculation from audited fundamentals, not an analyst target.
What is the AMREP Corporation stock forecast for 2026?
Our models put fair value at $31.02, about +45% upside versus a price of $21.45 (undervalued). Cautious scenario $27.40, optimistic scenario $39.59. The calculation is refreshed regularly with new filings.
What is the revenue of AMREP Corporation (AXR)?
AMREP Corporation reported trailing-twelve-month revenue of about $41.0M (latest available figure, as of Nov 8, 2026).
What growth is priced into AMREP Corporation (AXR)?
For today's price to be fair in a discounted-cash-flow model, AMREP Corporation would have to grow free cash flow by -9.6 % per year for five years (discount rate 13.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of AXR use?
Our models discount AMREP Corporation at 13.2 %: a base by market capitalisation (micro), damped by beta 1.15, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AMREP Corporation that is -9.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.2 %) and the same formula as our fair value.
How much growth has AMREP Corporation (AXR) delivered so far?
Over the past 5 years revenue at AMREP Corporation grew +5.7 % a year. The price currently implies free-cash-flow growth of -9.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AMREP Corporation (AXR) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into AMREP Corporation (-9.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AMREP Corporation (AXR)?
The free-cash-flow yield on the price is 11.04 %: that much free cash flow AMREP Corporation produces per unit of market value. When it exceeds the discount rate of our models (13.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AMREP Corporation (AXR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AMREP Corporation it is $31.02 per share (as of Nov 8, 2026), against a price of $21.45. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is AMREP Corporation stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AXR trades below its calculated fair value: price $21.45, fair value $31.02, a gap of about +45% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AXR?
No. The price is what the market pays today ($21.45); the fair value is what the company's own numbers justify ($31.02). For AMREP Corporation the two are $9.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is AMREP Corporation worth?
The market values AMREP Corporation at about $116M (market capitalisation, as of Nov 8, 2026). Per share that is $21.45; our models calculate a fair value of $31.02 per share.
What do the bullish and bearish scenarios say about AXR?
Our models span a range for AMREP Corporation: cautious scenario $27.40, base $31.02, optimistic $39.59 per share (as of Nov 8, 2026, price $21.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AXR?
AMREP Corporation trades at a price-to-earnings ratio of 20.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $31.02 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2026), reported earnings, FY2017, FY2026 ex one-offs: 12.8. Other multiples: PEG 1.5, P/B 0.8, P/S 2.8, EV/EBITDA 9.9.
What is the PEG ratio of AXR?
The PEG ratio of AMREP Corporation is 1.55 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of AMREP Corporation (AXR)?
Balance-sheet figures for AMREP Corporation (as of Nov 8, 2026): return on equity 4.3%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is AXR from its 52-week high?
AMREP Corporation trades at $21.45, about 24% below its 52-week high of $28.39 and 14% above the low of $18.80 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $31.02 is for.
Which stocks are comparable to AMREP Corporation?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AMREP Corporation stock attractive at the current price?
The data as of Nov 8, 2026: price $21.45, calculated fair value $31.02 (+45%), Quality Score 67/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AXR calculated?
We run AMREP Corporation through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $31.02 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. AMREP Corporation currently trades 31% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AMREP Corporation (AXR)?
The closing price on Nov 6, 2026 was $21.45. Our model-based fair value is $31.02, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AMREP Corporation right now?
The price is below even our cautious bear case ($27.40). The market is more pessimistic than our downside scenario. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of AMREP Corporation
How large is the market capitalisation of AMREP Corporation (AXR)?
The market capitalisation of AMREP Corporation is $116M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AMREP Corporation (AXR)?
The price-to-sales ratio of AMREP Corporation is 2.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AMREP Corporation (AXR)?
Earnings per share at AMREP Corporation are $1.06 (price ÷ EPS = P/E 20.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AMREP Corporation (AXR)?
The net margin of AMREP Corporation is 14.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AMREP Corporation (AXR)?
The return on equity (ROE) of AMREP Corporation is 4.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AMREP Corporation (AXR)?
On an EBIT basis the return on assets of AMREP Corporation is 10.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AMREP Corporation (AXR)?
The operating margin of AMREP Corporation is −2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AMREP Corporation (AXR)?
Revenue at AMREP Corporation is growing −66.1% versus a year earlier (3y avg +2.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AMREP Corporation (AXR)?
Earnings per share at AMREP Corporation are growing −94.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AMREP Corporation (AXR) hold?
AMREP Corporation holds more cash than debt, $52.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026